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20130103
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ABC
Dec 31, 2012 4:00pm PST
benefits one year. sticking spoint how long to push off massive mandatory spending cuts to the pentagon and domestic program goesing into affect in the new year, democrats want a one year extension, republicans insifrting on sooner. the president issued this warning about cuts only strategy. >> if they think that is going to be the form larks they've got another thing coming. it's not how goitsing to work. >> republicans bristledíróqj2lt remarks. >> it was dismissive and insulting. belittling and in the end, sad. >> senate republican leader mitch mcconnell didn't join n after months of refusing to vote, he said now is the time. everyone agrees that that action is necessary. and i can report we've reached an agreement on all of the tax issues. we're very, very, close. >> very close? but no cigar until tomorrow. and tonight, at midnight, the tax cuts expire for everybody. everybody's taxes go up. tomorrow, the republican-led house can lower rates and claim that they never raise taxes on the rich, and only voted for a tax cut. in the newsroom abc 7 news. >> a year end rally on wall stre
ABC
Jan 2, 2013 4:30am PST
government will reach its limit on borrowing, not to mention the bill delays larjts cuts to the pentagon and other government programs. >> reporter: so in march we may see another round of fighting. president obama says he hopes congress can reach an agreement with a little less drama. >> katie: what are the chances that republicans go along with raising the debt ceiling? >> we've seen there fight before. republicans will probably have to go along with it because the country will reach its borrowing limit, but republicans see it as bargaining tool. they wanted deeper spending cuts and deficit reduction and probably end up getting it. >> katie: thank you. today one of suspects in a murder of former winery owner at his mansion will be in court, 21-year-old javier garcia will be arraigned and 23-year-old man should be in court and lou cast anderson was already arraigned and one other was booked as an accessory in the death of his mansion during a home invasion in november. our media partner says they portray him as a ruthless businessman accused of hiding millions of dollars of assets from cred
ABC
Jan 2, 2013 4:00am PST
earning less than $4 $400,000 a year. not to mention, the bill only delays large cuts to the pentagon and other government programs. so, in march, we may see another round of fighting. president obama says he hopes congress can strike a deal with a little less drama. paula and john? >> don't count on it. >> let's hope so. round two of the spending cuts. what are the chances that republicans go along with raising the debt ceiling? i know they believe maybe they have a little leverage now? >> reporter: i feel like we've seen this movie before. republicans are going to have to vote for raising the debt ceiling. but they want deeper spending cuts and deficit reduction. and they'll probably get it. but it could be another ugly fight in two months. >> it's interesting that john boehner and paul ryan voted in favor yesterday, as well. interesting dynamic there. tahman bradley in washington. thank you, tahman. >>> and new york lawmakers are furious this morning after the house ditched a vote on billions of dollars of aide for victims of hurricane sandy. house gop leaders decided to wait for the n
ABC
Jan 2, 2013 6:00am PST
borrowing and not to mention the bill only delays large cuts to the pentagon and other government programs. >> so in march, we may see another round of fighting. president obama says he hopes congress can get a deal done with a little less drama. >> today is your last chance to visit the san francisco institution and best part, it is free. exploratorium has out grown its home. after today the exhibits will be packed up and moved to pier 15 on the embarcadero just right across from the abc7 studios. the exploratorium that opened in 1969 was one of first hands on science museums in the country. >>> cardinals have won the rose bowl for the first time in 40 years. they beat the badgers and running back taylor scored two touchdowns. stanford ends the season at 12-2 and victory helps the mayor win a friendly wager with the mayor of madison, wisconsin. he will have to wear a stanford cap at an upcoming city council meeting for a day and planted a tree in honor of the cardinals. wow! >> today, san jose valley christian high school band returns home after performing in the rose parade yest
ABC
Jan 1, 2013 5:30pm PST
they don't get their act together, the consequences will be immediate. the pentagon has already drafted notices to 800,000 civilian employees warning they may be put on unpaid leave. and those tax increases triggered today will start to hit our paychecks this week. the average family, seeing a tax increase of almost $3,500. there is intense pressure on house republican leaders to resolve this before the stock market opens tomorrow morning. they are hearing from business leaders. they are also hearing from senate republicans, saying that the cost of failure on this, david, would just be too high. >> would love to be on some of those phone calls from wall street, jon, thank you. and as you point out, wall street does open tomorrow morning, and after a week straight of losses already, nervous investors leading up to the fiscal cliff, the average 401(k) losing 3,000 to $4,000 in this country. abc's bianna golodryga with the story of just one family and the huge tax increase, if congress doesn't figure this out. >> reporter: until there's an agreement, this what the martins from rayt
ABC
Jan 2, 2013 7:00am PST
automatic, across-the-board spending cuts to the pentagon and other agencies, are only to be delayed for two months, setting up yet another fiscal cliff on march 1st. congress has adjourned. the president is off to hawaii to meet up with his family. and hopefully, he thinks for a few days' vacation. >> you mentioned the breathing for feelings got raw at the last minute. >> reporter: it got really nasty. in a story first reported by politico on friday when the congressional leaders met here at the white house, speaker of the house john boehner told the democratic leader, harry reid, off, using language i can't use here on "good morning america." >> you can't even paraphrase. >>> let's get a closer look at what the deal means to you at home. lots of paycheck changes right now. and bianna golodryga is at the smart screen to break it down. about 99% of americans protected from an income tax increase. but most workers will take a hit. >> taking a hit from payroll taxes going up. this affects everyone making $110,000 or less. so, this year, anyone making $110,000 will be paying an extra $2
ABC
Dec 27, 2012 5:00am PST
over as scheduled many jobs would beó%7z lost, 55 billion dollars cut from the pentagon budget. starbucks taking a stand, the ceo has«pt workers to write "come together[3wr" on cups. stocks continue to fall on fiscal cliff worries president and congress back in d.c. to talk about n'ozn budget today. toyota 1.1 billion dollar charge to settle a lawsuit has to do with more than 10 million vehicles recalled for unintended acceleration from claims the value of vehicles went down as a result. k)Ñ exchange#dww, with the bloomberg business report. >>> coming up, do you use those companies that give you a cash advance on your paycheck? you magb(:l be getting some of protected panda.id;gp >> good morning. 5:53. you see the embarcadero, bay bridge you don't see rain or traffic. we'll check in with sue and find out what is going on, on the highways. we'll find out where the rain is with mike. >>> u.s. department of commerce is due to release figures for new home sales, today's updates will hold stead if i not rise a bit they predict 375,000 in new sales. housing numbers slipped last mon
ABC
Jan 2, 2013 5:00am PST
delays large cuts to the pentagon and other programs. >> so in march we may see another round of fighting. president obama says he hopes congress can strike a deal with a little less drama. >>> some dramatic temperature readings this morning. are you feeling it? we are in the mid 20s. >> it's very dramatic to me. >> what is going on. >> good morning. as we get down to 28 in livermore and 29 in fairfield. and 27 in santa rosa. it's colder and that is what we're talking about. 30 in concord and napa and freezing in redwood city and getting close in mountain view and san jose at 34. 36 at antioch. 34 at san rafael. low 40s east bayshore. mid 40s around san francisco. 44 at half moon bay. we do have a small slight wind so it does feel about one to three degrees cooler in some areas when you are outside this morning. let's talk about the chilled sunshine. it will joined with a few high clouds, upper 40s for lunchtime temperatures. low to mid 50s as we head through the afternoon and back in the upper 30s to mid 40s by 7:00. partly cloudy and frost tomorrow morning and then mid to upper 50s. mid
ABC
Dec 30, 2012 8:00am PST
week the pentagon released the names of two service members killed in afghanistan. we also want to honor this sunday the man president george herbert walker bush called a true american patriot and one of the great military leaders of his generation, general norman schwarzkopf, who led u.s. forces to victory in the persian gulf war passed away this week at the age of 78. you can see our interview with norman schwarzkopf from "this week" during the 1991 invasion of iraq on our website at abcnews.com/thisweek. >>> and when we return, how concerned are wall street and the world markets as we count down to the cliff? the answer when this special edition of "this week" returns. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put
ABC
Jan 3, 2013 7:00am PST
u.s. government, spending cuts that could imperil thousands of pentagon jobs and a possible government shutdown. the only way to prevent all of this is cooperation between republicans in congress and the white house. but john boehner will likely find it even harder to compromise with president obama again. there are only so many times you can defy the majority of your own party. for now, boehner's position as speaker is secure, in part because nobody has stepped forward to challenge him. it may be just at this point that nobody else really wants that job. >> i'll bet. and, jon, you mentioned, this debt limit, getting at the end of february. the speaker under tremendous pressure, as you said. but the president said he's not going to negotiate with the speaker. he simply wants the debt limit extended. this is a huge clash. >> reporter: this is a collision course, george. i've never seen a situation where both sides are adamant that they will not compromise. house republicans say there is no way that they will raise that debt limit without getting cuts in exchange. and as you s
ABC
Jan 1, 2013 2:15am PST
. >> spectators are camping out along the parade rate, but no tents are allowed. the pentagon is making its tournament of roses debut honoring the veterans of the korean war. >> make sure you check out the rose parade on abc and the rose bowl. >> of course. >> and 2013 will begin with cold, cold weather in much of the country. they're saying the first week of january could be one of the coldest on record. >> what are we at, 35 last night in times square. kind of cold. it's been colder, but it's been warmer. >> it is bundle up weather, that's for sure. >> certainly bundle up weather. >>> meteorologist jim dicky here is now with more. >> good morning. and happy new year. unlike last winter, we've seen a pattern set up here where arctic air is surging in, and that will continue to do so the rest of the week. arctic air mass in place right now. the upper midwest morning temperatures below zero in minneapolis. minus four here. 14 in chicago. and this air headed towards the northeast. cold this morning in many cases. not as cold as we'll be tomorrow morning. 25 buffalo. syracuse, 13. into bur
Search Results 0 to 10 of about 11